QLD Property Law - Protecting My Share of a Recently Purchased Unit?

[mick hukkinen]

Hi, we have recently purchased a unit, and my wife and I almost have equal shares, though she would borrow money from a bank, and the bank would credit her only if she doesn't have a dependent or spouse.

My concern is that the title will only be in her name. Where will I be if she decides I can't live there after all? All my money will be lost as I understand it. I don't know if property law would protect my share if it goes pear shaped.

Cheers

 

[Amanda E]

You would be looking at family law if you separated and you'd have to deal with it through a property settlement. It might be worth agreeing now on how you'd like property to be dealt with if things go pear shaped. You can do this through a binding financial agreement. See Post Nuptial Agreement Kit - Australia - Legal Documents - LawAnswers.com.au